Floating Production Systems Market Scope and Size by 2031
A Floating Production System is typically a large ship equipped with processing facilities and moored to a location for a long period. An FPSO is a floating production system that receives fluids (crude oil, water and a host of other things) from a subsea reservoir through risers, which then separate fluids into crude oil, natural gas, water and impurities within the topsides production facilities onboard. Crude oil stored in the storage tanks of the FPSO is offloaded onto shuttle tankers to go to market or for further refining onshore.
MARKET DYNAMICS
The floating production systems market is expected to register a CAGR of over 10% during the forecast period. Factors, such as increased offshore exploration activity and focus on development of offshore oil and gas production, are expected to drive the market for floating production systems. However, high cost of FPS systems, combined with volatile nature of oil prices, are expected to hamper the market's growth. Floating production, storage, and offloading (FPSO) accounts for the largest share of the floating production systems market, due to its additional function of storage of produced oil. FPSO dominates the market, with over 60% of the market share, globally.
MARKET SCOPE
The ˜Global Floating Production Systems Market Analysis to 2031" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the floating production systems market with detailed market segmentation by type, water depth, build type, and application. The global floating production systems market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading floating production systems market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The market is segmented into:
1. By Type: Based on the type, the market is categorized into Floating Production Storage and Offloading (FPSO), Tension Leg Platforms (TLP), Spar Platform, Semisubmersible Floating Production System, and others.
2. By Water Depth: Based on water depth, the market is categorized into Shallow Water, Deepwater and Ultra-Deepwater.
3. By Build: Based on Build Type, the market is categorized into New Build and Conversion.
4. By Application: Based on Application, the market is categorized into Energy Enterprises, and Government sector.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The floating production systems market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the floating production systems market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the floating production systems market in these regions.
IMPACT OF COVID 19
The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms in order to restrict the swift spread of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the floating production systems. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2021. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online.
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The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The floating production systems market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the floating production systems market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the floating production systems market in these regions.
IMPACT OF COVID 19
The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms in order to restrict the swift spread of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the floating production systems. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2021. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online.
MARKET PLAYERS
The report covers vital developments in the floating production systems market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships and collaborations. These activities have paved the way for the expansion of businesses and the customer base of market players. The market players from the floating production systems market are anticipated to have lucrative growth opportunities in the future with the rising demand for floating production systems in the global market. Below mentioned is the list of a few companies engaged in the floating production systems market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the floating production systems market. Decide the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
- BP
- BW Offshore
- Chevron
- Golar LNG
- MODEC
- Petrobras
- Petronas
- SBM Offshore
- Shell
- TOTAL
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Floating Production Systems Market - By Type
1.3.2Floating Production Systems Market - By Water Depth
1.3.3Floating Production Systems Market - By Build
1.3.4Floating Production Systems Market - By Application
1.3.5Floating Production Systems Market - By Region
1.3.5.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.FLOATING PRODUCTION SYSTEMS MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.FLOATING PRODUCTION SYSTEMS MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.FLOATING PRODUCTION SYSTEMS MARKET - GLOBAL MARKET ANALYSIS
6.1.FLOATING PRODUCTION SYSTEMS - GLOBAL MARKET OVERVIEW
6.2.FLOATING PRODUCTION SYSTEMS - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING
7.FLOATING PRODUCTION SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 " TYPE
7.1.OVERVIEW
7.2.TYPE MARKET FORECASTS AND ANALYSIS
7.3.FLOATING PRODUCTION STORAGE AND OFFLOADING (FPSO)
7.3.1.Overview
7.3.2.Floating Production Storage and Offloading (FPSO) Market Forecast and Analysis
7.4.TENSION LEG PLATFORMS (TLP)
7.4.1.Overview
7.4.2.Tension Leg Platforms (TLP) Market Forecast and Analysis
7.5.SPAR PLATFORM
7.5.1.Overview
7.5.2.Spar Platform Market Forecast and Analysis
7.6.SEMISUBMERSIBLE FLOATING PRODUCTION SYSTEM
7.6.1.Overview
7.6.2.Semisubmersible Floating Production System Market Forecast and Analysis
7.7.OTHERS.
7.7.1.Overview
7.7.2.Others. Market Forecast and Analysis
8.FLOATING PRODUCTION SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 " WATER DEPTH
8.1.OVERVIEW
8.2.WATER DEPTH MARKET FORECASTS AND ANALYSIS
8.3.SHALLOW WATER
8.3.1.Overview
8.3.2.Shallow Water Market Forecast and Analysis
8.4.DEEPWATER
8.4.1.Overview
8.4.2.Deepwater Market Forecast and Analysis
8.5.ULTRA-DEEPWATER.
8.5.1.Overview
8.5.2.Ultra-Deepwater. Market Forecast and Analysis
9.FLOATING PRODUCTION SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 " BUILD
9.1.OVERVIEW
9.2.BUILD MARKET FORECASTS AND ANALYSIS
9.3.NEW BUILD
9.3.1.Overview
9.3.2.New Build Market Forecast and Analysis
9.4.CONVERSION
9.4.1.Overview
9.4.2.Conversion Market Forecast and Analysis
10.FLOATING PRODUCTION SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 " APPLICATION
10.1.OVERVIEW
10.2.APPLICATION MARKET FORECASTS AND ANALYSIS
10.3.ENERGY ENTERPRISES
10.3.1.Overview
10.3.2.Energy Enterprises Market Forecast and Analysis
10.4.GOVERNMENT SECTOR.
10.4.1.Overview
10.4.2.Government sector. Market Forecast and Analysis
11.FLOATING PRODUCTION SYSTEMS MARKET REVENUE AND FORECASTS TO 2028 " GEOGRAPHICAL ANALYSIS
11.1.NORTH AMERICA
11.1.1North America Floating Production Systems Market Overview
11.1.2North America Floating Production Systems Market Forecasts and Analysis
11.1.3North America Floating Production Systems Market Forecasts and Analysis - By Type
11.1.4North America Floating Production Systems Market Forecasts and Analysis - By Water Depth
11.1.5North America Floating Production Systems Market Forecasts and Analysis - By Build
11.1.6North America Floating Production Systems Market Forecasts and Analysis - By Application
11.1.7North America Floating Production Systems Market Forecasts and Analysis - By Countries
11.1.7.1United States Floating Production Systems Market
11.1.7.1.1United States Floating Production Systems Market by Type
11.1.7.1.2United States Floating Production Systems Market by Water Depth
11.1.7.1.3United States Floating Production Systems Market by Build
11.1.7.1.4United States Floating Production Systems Market by Application
11.1.7.2Canada Floating Production Systems Market
11.1.7.2.1Canada Floating Production Systems Market by Type
11.1.7.2.2Canada Floating Production Systems Market by Water Depth
11.1.7.2.3Canada Floating Production Systems Market by Build
11.1.7.2.4Canada Floating Production Systems Market by Application
11.1.7.3Mexico Floating Production Systems Market
11.1.7.3.1Mexico Floating Production Systems Market by Type
11.1.7.3.2Mexico Floating Production Systems Market by Water Depth
11.1.7.3.3Mexico Floating Production Systems Market by Build
11.1.7.3.4Mexico Floating Production Systems Market by Application
11.2.EUROPE
11.2.1Europe Floating Production Systems Market Overview
11.2.2Europe Floating Production Systems Market Forecasts and Analysis
11.2.3Europe Floating Production Systems Market Forecasts and Analysis - By Type
11.2.4Europe Floating Production Systems Market Forecasts and Analysis - By Water Depth
11.2.5Europe Floating Production Systems Market Forecasts and Analysis - By Build
11.2.6Europe Floating Production Systems Market Forecasts and Analysis - By Application
11.2.7Europe Floating Production Systems Market Forecasts and Analysis - By Countries
11.2.7.1Germany Floating Production Systems Market
11.2.7.1.1Germany Floating Production Systems Market by Type
11.2.7.1.2Germany Floating Production Systems Market by Water Depth
11.2.7.1.3Germany Floating Production Systems Market by Build
11.2.7.1.4Germany Floating Production Systems Market by Application
11.2.7.2France Floating Production Systems Market
11.2.7.2.1France Floating Production Systems Market by Type
11.2.7.2.2France Floating Production Systems Market by Water Depth
11.2.7.2.3France Floating Production Systems Market by Build
11.2.7.2.4France Floating Production Systems Market by Application
11.2.7.3Italy Floating Production Systems Market
11.2.7.3.1Italy Floating Production Systems Market by Type
11.2.7.3.2Italy Floating Production Systems Market by Water Depth
11.2.7.3.3Italy Floating Production Systems Market by Build
11.2.7.3.4Italy Floating Production Systems Market by Application
11.2.7.4Spain Floating Production Systems Market
11.2.7.4.1Spain Floating Production Systems Market by Type
11.2.7.4.2Spain Floating Production Systems Market by Water Depth
11.2.7.4.3Spain Floating Production Systems Market by Build
11.2.7.4.4Spain Floating Production Systems Market by Application
11.2.7.5United Kingdom Floating Production Systems Market
11.2.7.5.1United Kingdom Floating Production Systems Market by Type
11.2.7.5.2United Kingdom Floating Production Systems Market by Water Depth
11.2.7.5.3United Kingdom Floating Production Systems Market by Build
11.2.7.5.4United Kingdom Floating Production Systems Market by Application
11.2.7.6Russia Floating Production Systems Market
11.2.7.6.1Russia Floating Production Systems Market by Type
11.2.7.6.2Russia Floating Production Systems Market by Water Depth
11.2.7.6.3Russia Floating Production Systems Market by Build
11.2.7.6.4Russia Floating Production Systems Market by Application
11.2.7.7Rest of Europe Floating Production Systems Market
11.2.7.7.1Rest of Europe Floating Production Systems Market by Type
11.2.7.7.2Rest of Europe Floating Production Systems Market by Water Depth
11.2.7.7.3Rest of Europe Floating Production Systems Market by Build
11.2.7.7.4Rest of Europe Floating Production Systems Market by Application
11.3.ASIA-PACIFIC
11.3.1Asia-Pacific Floating Production Systems Market Overview
11.3.2Asia-Pacific Floating Production Systems Market Forecasts and Analysis
11.3.3Asia-Pacific Floating Production Systems Market Forecasts and Analysis - By Type
11.3.4Asia-Pacific Floating Production Systems Market Forecasts and Analysis - By Water Depth
11.3.5Asia-Pacific Floating Production Systems Market Forecasts and Analysis - By Build
11.3.6Asia-Pacific Floating Production Systems Market Forecasts and Analysis - By Application
11.3.7Asia-Pacific Floating Production Systems Market Forecasts and Analysis - By Countries
11.3.7.1Australia Floating Production Systems Market
11.3.7.1.1Australia Floating Production Systems Market by Type
11.3.7.1.2Australia Floating Production Systems Market by Water Depth
11.3.7.1.3Australia Floating Production Systems Market by Build
11.3.7.1.4Australia Floating Production Systems Market by Application
11.3.7.2China Floating Production Systems Market
11.3.7.2.1China Floating Production Systems Market by Type
11.3.7.2.2China Floating Production Systems Market by Water Depth
11.3.7.2.3China Floating Production Systems Market by Build
11.3.7.2.4China Floating Production Systems Market by Application
11.3.7.3India Floating Production Systems Market
11.3.7.3.1India Floating Production Systems Market by Type
11.3.7.3.2India Floating Production Systems Market by Water Depth
11.3.7.3.3India Floating Production Systems Market by Build
11.3.7.3.4India Floating Production Systems Market by Application
11.3.7.4Japan Floating Production Systems Market
11.3.7.4.1Japan Floating Production Systems Market by Type
11.3.7.4.2Japan Floating Production Systems Market by Water Depth
11.3.7.4.3Japan Floating Production Systems Market by Build
11.3.7.4.4Japan Floating Production Systems Market by Application
11.3.7.5South Korea Floating Production Systems Market
11.3.7.5.1South Korea Floating Production Systems Market by Type
11.3.7.5.2South Korea Floating Production Systems Market by Water Depth
11.3.7.5.3South Korea Floating Production Systems Market by Build
11.3.7.5.4South Korea Floating Production Systems Market by Application
11.3.7.6Rest of Asia-Pacific Floating Production Systems Market
11.3.7.6.1Rest of Asia-Pacific Floating Production Systems Market by Type
11.3.7.6.2Rest of Asia-Pacific Floating Production Systems Market by Water Depth
11.3.7.6.3Rest of Asia-Pacific Floating Production Systems Market by Build
11.3.7.6.4Rest of Asia-Pacific Floating Production Systems Market by Application
11.4.MIDDLE EAST AND AFRICA
11.4.1Middle East and Africa Floating Production Systems Market Overview
11.4.2Middle East and Africa Floating Production Systems Market Forecasts and Analysis
11.4.3Middle East and Africa Floating Production Systems Market Forecasts and Analysis - By Type
11.4.4Middle East and Africa Floating Production Systems Market Forecasts and Analysis - By Water Depth
11.4.5Middle East and Africa Floating Production Systems Market Forecasts and Analysis - By Build
11.4.6Middle East and Africa Floating Production Systems Market Forecasts and Analysis - By Application
11.4.7Middle East and Africa Floating Production Systems Market Forecasts and Analysis - By Countries
11.4.7.1South Africa Floating Production Systems Market
11.4.7.1.1South Africa Floating Production Systems Market by Type
11.4.7.1.2South Africa Floating Production Systems Market by Water Depth
11.4.7.1.3South Africa Floating Production Systems Market by Build
11.4.7.1.4South Africa Floating Production Systems Market by Application
11.4.7.2Saudi Arabia Floating Production Systems Market
11.4.7.2.1Saudi Arabia Floating Production Systems Market by Type
11.4.7.2.2Saudi Arabia Floating Production Systems Market by Water Depth
11.4.7.2.3Saudi Arabia Floating Production Systems Market by Build
11.4.7.2.4Saudi Arabia Floating Production Systems Market by Application
11.4.7.3U.A.E Floating Production Systems Market
11.4.7.3.1U.A.E Floating Production Systems Market by Type
11.4.7.3.2U.A.E Floating Production Systems Market by Water Depth
11.4.7.3.3U.A.E Floating Production Systems Market by Build
11.4.7.3.4U.A.E Floating Production Systems Market by Application
11.4.7.4Rest of Middle East and Africa Floating Production Systems Market
11.4.7.4.1Rest of Middle East and Africa Floating Production Systems Market by Type
11.4.7.4.2Rest of Middle East and Africa Floating Production Systems Market by Water Depth
11.4.7.4.3Rest of Middle East and Africa Floating Production Systems Market by Build
11.4.7.4.4Rest of Middle East and Africa Floating Production Systems Market by Application
11.5.SOUTH AND CENTRAL AMERICA
11.5.1South and Central America Floating Production Systems Market Overview
11.5.2South and Central America Floating Production Systems Market Forecasts and Analysis
11.5.3South and Central America Floating Production Systems Market Forecasts and Analysis - By Type
11.5.4South and Central America Floating Production Systems Market Forecasts and Analysis - By Water Depth
11.5.5South and Central America Floating Production Systems Market Forecasts and Analysis - By Build
11.5.6South and Central America Floating Production Systems Market Forecasts and Analysis - By Application
11.5.7South and Central America Floating Production Systems Market Forecasts and Analysis - By Countries
11.5.7.1Brazil Floating Production Systems Market
11.5.7.1.1Brazil Floating Production Systems Market by Type
11.5.7.1.2Brazil Floating Production Systems Market by Water Depth
11.5.7.1.3Brazil Floating Production Systems Market by Build
11.5.7.1.4Brazil Floating Production Systems Market by Application
11.5.7.2Argentina Floating Production Systems Market
11.5.7.2.1Argentina Floating Production Systems Market by Type
11.5.7.2.2Argentina Floating Production Systems Market by Water Depth
11.5.7.2.3Argentina Floating Production Systems Market by Build
11.5.7.2.4Argentina Floating Production Systems Market by Application
11.5.7.3Rest of South and Central America Floating Production Systems Market
11.5.7.3.1Rest of South and Central America Floating Production Systems Market by Type
11.5.7.3.2Rest of South and Central America Floating Production Systems Market by Water Depth
11.5.7.3.3Rest of South and Central America Floating Production Systems Market by Build
11.5.7.3.4Rest of South and Central America Floating Production Systems Market by Application
12.INDUSTRY LANDSCAPE
12.1.MERGERS AND ACQUISITIONS
12.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3.NEW PRODUCT LAUNCHES
12.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13.FLOATING PRODUCTION SYSTEMS MARKET, KEY COMPANY PROFILES
13.1.BP
13.1.1.Key Facts
13.1.2.Business Description
13.1.3.Products and Services
13.1.4.Financial Overview
13.1.5.SWOT Analysis
13.1.6.Key Developments
13.2.BW OFFSHORE
13.2.1.Key Facts
13.2.2.Business Description
13.2.3.Products and Services
13.2.4.Financial Overview
13.2.5.SWOT Analysis
13.2.6.Key Developments
13.3.CHEVRON
13.3.1.Key Facts
13.3.2.Business Description
13.3.3.Products and Services
13.3.4.Financial Overview
13.3.5.SWOT Analysis
13.3.6.Key Developments
13.4.GOLAR LNG
13.4.1.Key Facts
13.4.2.Business Description
13.4.3.Products and Services
13.4.4.Financial Overview
13.4.5.SWOT Analysis
13.4.6.Key Developments
13.5.MODEC
13.5.1.Key Facts
13.5.2.Business Description
13.5.3.Products and Services
13.5.4.Financial Overview
13.5.5.SWOT Analysis
13.5.6.Key Developments
13.6.PETROBRAS
13.6.1.Key Facts
13.6.2.Business Description
13.6.3.Products and Services
13.6.4.Financial Overview
13.6.5.SWOT Analysis
13.6.6.Key Developments
13.7.PETRONAS
13.7.1.Key Facts
13.7.2.Business Description
13.7.3.Products and Services
13.7.4.Financial Overview
13.7.5.SWOT Analysis
13.7.6.Key Developments
13.8.SBM OFFSHORE
13.8.1.Key Facts
13.8.2.Business Description
13.8.3.Products and Services
13.8.4.Financial Overview
13.8.5.SWOT Analysis
13.8.6.Key Developments
13.9.SHELL
13.9.1.Key Facts
13.9.2.Business Description
13.9.3.Products and Services
13.9.4.Financial Overview
13.9.5.SWOT Analysis
13.9.6.Key Developments
13.10.TOTAL
13.10.1.Key Facts
13.10.2.Business Description
13.10.3.Products and Services
13.10.4.Financial Overview
13.10.5.SWOT Analysis
13.10.6.Key Developments
14.APPENDIX
14.1.ABOUT THE INSIGHT PARTNERS
14.2.GLOSSARY OF TERMS
1.BP
2.BW Offshore
3.Chevron
4.Golar LNG
5.MODEC
6.Petrobras
7.Petronas
8.SBM Offshore
9.Shell
10.TOTAL
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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